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BTC is holding at a interesting price level 7.9k, if it break up , we can be looking at 10k
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Yea, i'm looking at the $7.6 to 7.8k resistance zone as well, if it breaks and hold, we might expect a bull run to i think 10k There is a price rejection around $7700 and in that area bitcoin having hard time to surpass it because of the selling pressure. The price of the bitcoin is still consolidating in the area between $6000-$7700. I'm waiting if the price will breakout or breakdown. If the price breakout then it is a good sign that the bearish market will en but if the price break down then it is a bad sign because the demand is decreasing.
The resistances zones are always a good catch to watch. To be honest, I would be very surprised if we revisit the low 6k$ again. So the more interesting target is the upper resistance band at around $7600-7800. |
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BTC retrace to the $7.2k level, most likely will form another bullish leg up before going down? opinion on this?
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There is a sharp rejection from the area 7.6k to 7.7k, probably a lot of seller pending orders there. This week volatility will be low. i think the real action will come in in Jan
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BTC has rally up to $7588 now atm , look like we could end the year with hope that it could reach $8k ?? Some resistance around 7.7k to 7.9k, lets watch
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Yea i think there will be more range bounce before moving upward or downward , and i think halving may not have a very big effect on price on 18/12/2019, BTC found strong support around the $6500 area with strong seller rejection, now price has rally to $7100 with resistance around $7,300 to $7,600, where you think it's heading next? Huh Huh
@vendetta009 no one can be absolutely certain in which direction bitcoin prices might go, but I’m glad bitcoin prices found support levels at $6500 levels otherwise it would have been a disaster for all of us who’re holding it. In my personal opinion bitcoin prices shall remain range bound for quite a while, before jumping upwards when the halving event nears but I’m no analyst so take my opinion with a pinch of salt. Source: https://www.newsbtc.com/2019/12/19/bitcoin-halving-catalyze-fomo-large-bull-run/ |
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I believe China play a big part in this, due to regulation and restrictions on cryptocurrency. However, if things get optimistic with China's regulatory body on this, we can see BTC soaring again hopefully
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i'm not too sure if the halving event will benefit the price of BTC, from general point of view it mean the release of BTC block rewards into the circulating supply is getting lesser, supposedly if there is increasing demand than supply, that will benefit us in term of BTC price. However from miner point of view, it's lesser profit for them no including mining cost, electricity and high hashing power. high operating cost and low profit may act as a deterrence to miners to continue mining BTC, may result in the drop of price. in the end, it's not as clear cut as it seem, may work either way. on 18/12/2019, BTC found strong support around the $6500 area with strong seller rejection, now price has rally to $7100 with resistance around $7,300 to $7,600, where you think it's heading next? Huh Huh
I am hoping for higher price at the end of the year, at least $8k can remain stable for December. The recovery of btc price was too hard to increase although it was expected after long fall back, bounce also will follow. That wasn't a reality for now, because there's a lot of reasons why the current market still faced more struggles which was still very unpredictable. I am really hoping that Bitcoin can be rallying towards the $8K level within this month or if that is not really possible at least in the first two weeks of January 2020. Bitcoin has been under the claws of the bears lately and this has been the opportunity for many to get into the bandwagon as we are preparing for the next rewards halving, though sadly the market is not really exciting for now which resulted into its erratic and eroding value. I am already looking forward that eventually the halving will be pulling us off, otherwise people can be disappointed big time. |
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Yea let's hope it is best for end of the year, but i doubt $8k could happen at the end of the year with Christmas, boxing day, new year celebration around the corner, volume gonna be very low, very likely price is gonna consolidate. Anyway, we won't know until something really happen, let's wait and see. on 18/12/2019, BTC found strong support around the $6500 area with strong seller rejection, now price has rally to $7100 with resistance around $7,300 to $7,600, where you think it's heading next? Huh Huh
Well some thinks that we can end this year at the 5 digit figure, so unlikely to happened. I guess the next price will be $8k, there are times that the price could suddenly spike and possible that it can go as high as $8k at the end of the year. Just be positive though, no need to be disappointed as this is how the market operates. We just hope for the best at the end of the year. |
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I think stability may not be the concern right now. More of the concern is will Bitcoin continue to rise or drop. Like what you mention there are a lot of reasons given the market uncertainty and prices are unpredictable. i would like to see Bitcoin staying above 10k, maybe signalling a change in trend towards the upside, anything below that i'm still bearish on 18/12/2019, BTC found strong support around the $6500 area with strong seller rejection, now price has rally to $7100 with resistance around $7,300 to $7,600, where you think it's heading next? Huh Huh
I am hoping for higher price at the end of the year, at least $8k can remain stable for December. The recovery of btc price was too hard to increase although it was expected after long fall back, bounce also will follow. That wasn't a reality for now, because there's a lot of reasons why the current market still faced more struggles which was still very unpredictable. |
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on 18/12/2019, BTC found strong support around the $6500 area with strong seller rejection, now price has rally to $7100 with resistance around $7,300 to $7,600, where you think it's heading next? Huh Huh
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Any idea how much Tomo tokens to stake to become a master node? When Binance is going to start launch Tomo staking? Do they have Tomo masternodes? As fas as I know Kucoin has a lot of Tomo masternodes... Hope Binance will follow Kucoin  |
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